topic K-1 Line 14 Code B in Business & farm

K-1 Line 14 Code B

et80308 — Mon, 09 Mar 2026 07:35:56 GMT

My LLC partner K-1s are showing an amount for Line 14, Code B. The amount corresponds to net earnings from Farm activity, not foreign taxes. Any clue how to correct correct this?

Re: K-1 Line 14 Code B

Anonymous_ — Sat, 19 Mar 2022 23:52:02 GMT

The only way a figure is going to appear on Line 14 with a B code on your K-1s is if you indicated that the LLC "makes, buys, or grows products" and then proceeded to enter income in the Farming tab.

Re: K-1 Line 14 Code B

et80308 — Sun, 20 Mar 2022 00:02:13 GMT

Thanks for the reply. I don't remember seeing a question similar to that. And I wouldn't have intentionally answered it as Yes. Could you tell me where it's located so I can confirm the answer? Many thanks.

Re: K-1 Line 14 Code B

Anonymous_ — Sun, 20 Mar 2022 01:55:56 GMT

See screenshots below. @et80308

Re: K-1 Line 14 Code B

Anonymous_ — Sun, 20 Mar 2022 01:58:24 GMT

Also, even if you indicated you did not make, buy or grow products, make sure you did not answer in the affirmative in the farming activities screen.

Re: K-1 Line 14 Code B

Mike9241 — Sun, 20 Mar 2022 07:46:05 GMT

a little confused about what the issue is. are you asking about the FTC which is line 16 of k-1 and really on form k-3?

Re: K-1 Line 14 Code B

et80308 — Sun, 20 Mar 2022 20:10:39 GMT

The screen shots were helpful. However, changing the answer from yes to no (produce grow or sell) didn't change the K-1. The income is from ag program payments and 14B is apparently used for SE tax calculation. It was my bad to ask the question in the first place. I had erroneously looked at what Line 14 code B was on Form 1041 (foreign taxes paid). Sorry for the trouble but greatly appreciate your help.

Re: K-1 Line 14 Code B

et80308 — Sun, 20 Mar 2022 20:11:33 GMT

No, 1065 K-1 Line 14 with code B on continuation statement. Issue has been resolved. Thanks for checking with me.